MemeFi becomes the first Telegram mini-app to partner with the SUI layer 1 blockchain, ahead of its token launch scheduled for November 22.
MemeFi’s token is set to launch on November 22, but its pre-market volume has almost reached $4 million on the crypto exchange. OKX. According to the project’s press release, users will be able to access MemeFi tokens directly through major exchanges. MemeFi already plans to list its token on six major exchanges.
According to MemeFi websitethe new token will be launched on Sui(SUI), which it says will provide a “cheap, fast and friendly claims experience”.
The project has already prepared an airdrop template for its native token so that users can receive fair portions based on community engagement. Approximately 85% of its total MEMEFI token supply will be allocated to Telegram users, while 5% will be donated to its Web3 users. However, MemeFi has chosen to keep certain details classified to prevent token mining.
Thanks to its partnership with Sui and its developer Mysten Labs, MemeFi plans to change the way Telegram apps are perceived, especially in the crypto space. With over 26 million monthly active users, MemeFi is a Telegram mini app that plays an active role in facilitating the meme space.
The project’s collaboration with Sui and Mysten Labs is the first of its kind from a Telegram mini-app. As Sui recently surpassed over 26 million active wallets in its ecosystem, MemeFi is looking to expand its reach and provide more services to the community.
Meme Coins have dominated the market this year, with a staggering market capitalization of $60.93 billion and skyrocketing returns that keep traders on their toes and wanting more.
MemeFi recognizes this demand in the market, which is why it aims to transform into a coin ecosystem with two Telegram products in the works.
The pseudonymous founder of MemeFi said that the main goal of the project is to create a platform that will be beneficial to its growing community on Telegram.
“From ecosystem alignment to exchange partnerships, our goal has been to create the best possible environment for our users as we prepare for our listing,” the founder said.
The MemeFi team has also prepared a number of reward campaigns for loyal users, including daily activities offering multipliers and bonuses for active participation.
MemeFi launched in April 2024 as a blockchain-based project that combines meme culture with community-driven Telegram applications. MemeFi’s model is quite similar to Hamster Kombat and TapSwap. In this game, players engage in battles for control and resources in a world filled with various factions, each inspired by different memes.
In October 2024, crypto.news reported that the price of MemeFi coin is expected to surge by 225%, potentially reaching $0.001617 by November 13, 2024.